10 Best Stocks to Buy and Hold For 5 Years

2. Meta Platforms Inc (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms Inc (NASDAQ:META) is a technology conglomerate behind Facebook, Instagram, Threads, and WhatsApp. The company has a large user base of over 3 billion daily active users across all its platforms.

The company is expanding its position on AI raising its capital expenditure guidance for 2025. On October 31, Rohit Kulkarni, managing director and senior research analyst at Roth Capital Partners, joined Yahoo Finance to share his bullish thesis on META. Kulkarni shares that META is a “high-flying stock” and emphasizes that such stocks need high-flying numbers to support their position. Despite some concerns, he suggests that “now is the time to buy.” He adds that he expects the company to significantly improve its content targeting, engagement, and advertising return on investment.

Over the past few months, the company has leveraged its expertise in AI and augmented reality, having launched its debut AR glasses, Orion, in September. On the same day, the company released its most affordable mixed-reality headset, Meta Quest 36. Meta Platforms Inc (NASDAQ:META) is also working relentlessly to become one of the best recommendation technology companies backed by AI.

Meta Platforms Inc (NASDAQ:META) has a strong business model and is positioned as one of the best stocks to buy and hold for five years. The company is pioneering ad tech using artificial intelligence, challenging for any other company to replicate.

Rowan Street Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q2 2024 investor letter:

“We are pleased to report that Meta Platforms, Inc. (NASDAQ:META), our largest position in the fund, has delivered a remarkable performance, +450% since our November 2022 note. Our investment in Meta dates back to 2018, with an average cost basis of approximately $172 per share. Today, the stock trades around $535, reflecting a 3x return over the six-year holding period, equating to a 20% annualized return.

We would like to remind you that achieving these types of returns is never a straight path. From time to time, we might experience volatility — that’s simply part of the investment journey. In fact, wealth creation and volatility go hand in hand. There’s no escaping it; it’s the “price of admission” the market demands. If you take a look at the chart below, you’ll notice the drawdowns META stock has faced over the years, with 2022 standing out as a particularly challenging period, where the stock saw a 75% drop….. ” (Click here to read the full text)